ESSA Total Operating Expenses vs Net Income Analysis
ESSA Stock | USD 16.60 0.33 2.03% |
ESSA Bancorp financial indicator trend analysis is much more than just examining ESSA Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESSA Bancorp is a good investment. Please check the relationship between ESSA Bancorp Total Operating Expenses and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.
Total Operating Expenses vs Net Income
Total Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESSA Bancorp Total Operating Expenses account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ESSA Bancorp's Total Operating Expenses and Net Income is -0.65. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of ESSA Bancorp, assuming nothing else is changed. The correlation between historical values of ESSA Bancorp's Total Operating Expenses and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of ESSA Bancorp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Operating Expenses i.e., ESSA Bancorp's Total Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in ESSA Bancorp financial statement analysis. It represents the amount of money remaining after all of ESSA Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from ESSA Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESSA Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.At present, ESSA Bancorp's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 16.42, whereas Selling General Administrative is forecasted to decline to about 22 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 68.2M | 69.3M | 79.7M | 43.6M | Interest Expense | 3.0M | 23.9M | 21.6M | 12.4M |
ESSA Bancorp fundamental ratios Correlations
Click cells to compare fundamentals
ESSA Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ESSA Bancorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 1.9B | 1.9B | 2.3B | 2.6B | 1.5B | |
Total Stockholder Equity | 191.4M | 201.8M | 212.3M | 219.7M | 252.7M | 170.2M | |
Property Plant And Equipment Net | 14.2M | 13.6M | 13.1M | 12.9M | 14.8M | 14.2M | |
Net Debt | (30.0M) | (152.6M) | 202.9M | 289.3M | 332.6M | 214.8M | |
Cash | 155.9M | 158.9M | 27.9M | 85.4M | 98.2M | 103.1M | |
Non Current Assets Total | 241.3M | 290.0M | 293.1M | 413.1M | 475.1M | 250.7M | |
Non Currrent Assets Other | (6.0M) | (4.6M) | (5.4M) | (6.9M) | (7.9M) | (8.3M) | |
Other Assets | 1.3B | 1.2B | 1.3B | 1.5B | 1.7B | 1.2B | |
Cash And Short Term Investments | 368.4M | 399.5M | 236.6M | 419.5M | 482.4M | 506.5M | |
Common Stock Shares Outstanding | 10.3M | 9.9M | 9.8M | 9.7M | 8.8M | 10.2M | |
Liabilities And Stockholders Equity | 1.9B | 1.9B | 1.9B | 2.3B | 2.6B | 1.5B | |
Other Stockholder Equity | 82.7M | 76.6M | 75.9M | 77.2M | 69.4M | 73.9M | |
Total Liab | 1.7B | 1.7B | 1.6B | 374.7M | 430.8M | 409.3M | |
Property Plant And Equipment Gross | 14.2M | 36.0M | 36.1M | 36.8M | 42.3M | 44.4M | |
Total Current Assets | 368.4M | 399.5M | 236.6M | 419.5M | 482.4M | 805.1M | |
Short Long Term Debt Total | 125.9M | 6.4M | 230.8M | 374.7M | 337.2M | 219.4M | |
Total Current Liabilities | 111.7M | 1.4B | 230.8M | 374.7M | 430.8M | 452.4M | |
Other Liab | 17.8M | 18.4M | 23.5M | 23.2M | 26.7M | 15.6M | |
Retained Earnings | 112.6M | 124.3M | 139.1M | 151.9M | 174.6M | 93.8M | |
Accounts Payable | 1.3B | 1.5B | 1.6B | 1.4B | 1.6B | 1.0B | |
Net Receivables | 1.4B | 1.3B | 1.4B | 1.7B | 1.9B | 1.1B | |
Short Term Investments | 212.5M | 240.6M | 208.6M | 334.1M | 384.2M | 289.6M | |
Non Current Liabilities Total | 14.2M | 267.8M | 230.8M | 1.7B | 2.0B | 2.1B | |
Inventory | (1.6B) | (1.5B) | (1.5B) | (1.8B) | (1.6B) | (1.7B) | |
Accumulated Other Comprehensive Income | (4.1M) | 682K | (2.9M) | (9.5M) | (10.9M) | (10.4M) | |
Short Term Debt | 111.7M | 813K | 230.8M | 374.7M | 430.8M | 452.4M | |
Intangible Assets | 791K | 520K | 281K | 91K | 104.7K | 99.4K | |
Property Plant Equipment | 14.6M | 14.5M | 13.6M | 13.2M | 15.1M | 16.1M | |
Treasury Stock | (85.2M) | (91.5M) | (98.1M) | (99.8M) | (89.8M) | (94.3M) | |
Other Current Liab | (111.7M) | 1.4B | (5.4M) | (374.7M) | (337.2M) | (320.3M) | |
Net Tangible Assets | 174.6M | 176.8M | 187.5M | 198.3M | 228.0M | 185.2M | |
Retained Earnings Total Equity | 102.5M | 112.6M | 124.3M | 139.1M | 160.0M | 102.4M | |
Capital Surpluse | 181.2M | 181.5M | 181.7M | 182.2M | 209.5M | 198.5M | |
Other Current Assets | 156.2M | 159.4M | 28.0M | 88.7M | 79.8M | 75.8M | |
Long Term Investments | 1.6B | 262.1M | 265.9M | 386.3M | 347.7M | 330.3M |
Pair Trading with ESSA Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ESSA Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ESSA Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with ESSA Stock
0.7 | AX | Axos Financial Earnings Call This Week | PairCorr |
0.72 | BY | Byline Bancorp Normal Trading | PairCorr |
Moving against ESSA Stock
0.66 | TECTP | Tectonic Financial | PairCorr |
0.59 | CFG-PD | Citizens Financial | PairCorr |
0.54 | NU | Nu Holdings Aggressive Push | PairCorr |
0.44 | VBFC | Village Bank | PairCorr |
0.41 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to ESSA Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESSA Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ESSA Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ESSA Bancorp to buy it.
The correlation of ESSA Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ESSA Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESSA Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ESSA Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for ESSA Stock analysis
When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |
Is ESSA Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESSA Bancorp. If investors know ESSA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESSA Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0) | Dividend Share 0.6 | Earnings Share 1.86 | Revenue Per Share 7.131 | Quarterly Revenue Growth 0.019 |
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.